Renovated Four-Unit Apartment
New
For Sale
$369,900
14830 Tireman St, Detroit, MI 48228
Separate entrances, individual meters, central heating and cooling, and private on-site parking serve the residences.
Property Size2,232 SF
Price / SF$165.73
Days on Market5
Property Features for 14830 Tireman St
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 1BR, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,790
Building Details
Year Renovated
2025
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Legacy
(313) 752-0000
Listed By:
Kalid Shami · License #433447
(313) 627-5467
Source:
Exprealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Legacy
Investment Insights
Based on property information with market context.
This 2,232-square-foot brick apartment property contains four residences, each with its own entrance. The unit mix includes three one-bedroom apartments and one two-bedroom apartment. Each has an open living and kitchen area on the main floor, a full bathroom, closets, and upstairs bedrooms. Central air and heat serve the building, and each residence has a separate meter. Renovation work was completed in 2025 and included the roof, electrical and plumbing systems, HVAC, kitchens, bathrooms, flooring, and appliances.
All four apartments are occupied. The property sits on a corner lot at 14830 Tireman St in Detroit and includes private on-site parking.
All four apartments are occupied. The property sits on a corner lot at 14830 Tireman St in Detroit and includes private on-site parking.
Key Highlights
- Four brick apartments totaling 2,232 square feet
- Three one‑bedroom residences and one two‑bedroom residence
- Renovation completed in 2025, including roof, electrical, plumbing, HVAC, kitchens, bathrooms, flooring, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,925
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,500
$578.5K
Cap Rate 7%
$413,214
$413.2K
Cap Rate 9%
$321,389
$321.4K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$44.2K $19.80/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$41.3K $18.51/SF
− OpEx
−$12.4K −$5.55/SF
NOI
$28.9K $12.96/SF
Area
ZIP 48228
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,500
Cap Rate 7%
$413,214
Cap Rate 9%
$321,389
Alternative Uses
Best Use
Multifamily LT 5
$413.2K
$361.6K – $482.1K
NOI $28,925 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$383.8K
$335.8K – $447.7K
NOI $26,864 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$458.4K
$401.1K – $534.9K
NOI $32,091 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate entrances, individual meters, central heating and cooling, and private on-site parking serve the residences.
Where is this quadplex located?
The property is located at 14830 Tireman St Detroit, MI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Four brick apartments totaling 2,232 square feet; Three one‑bedroom residences and one two‑bedroom residence; Renovation completed in 2025, including roof, electrical, plumbing, HVAC, kitchens, bathrooms, flooring, and appliances
